For more retail coverage, click GlobeSt.com/RETAIL.

NEW YORK CITY-DSW is just one of the retailers choosing the Downtown area. The shoe retailer, part of Columbus, OH-based Retail Ventures Inc., will open two new stores in the coming weeks. The company already has sites in Queens and in Brooklyn, but these opening are their first in Manhattan stores.

The company, which also owns the Value City and Filene’s Basement chains, signed on for 30,000 sf at 4 Union Square South on 14th Street, which is owned by Vornado Realty Trust. The site will also be home to a 90,000-sf Filene’s that will also open at the end of October. A Whole Foods market and Forever 21 are both expected to open early next year.

“It’s a great fit,” says Faith Hope Consolo, vice chairman of Garrick-Aug. “It’s a shoe street.” She adds that a key advantage is that there are more than 15 schools in the immediate vicinity, creating an ripe audience for the DSW product. Bruce Shepard of Mamaroneck, NY-based EMB Associates represented DSW and Filene’s.

The company’s other location will be the Forest City Ratner-owned 102 North End Ave. in Battery Park City. The retailer took 25,000 of space. Both sites will contain more than 41,000 pairs of shoes.

“DSW will redefine the way Manhattanites shop for shoes,” says Charles Rath, chief marketing officer of Retail Ventures, adding that the stores will “cater to the passionate shoe enthusiast.” The stores will also feature same-day and local delivery.

Founded in 1991, DSW employs more than 5,000 associates and operates over 165 stores from coast to coast. Manhattan is not the retailer’s only expansion site. Others expected to open soon include Carmel, IN; Redlands, CA; and Fredricksburg, VA. Retail Ventures posted total sales as of Oct. 2 at nearly $1.8 billion. DSW represented $96 million of that total.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.